[robertlagrant]

> Crypto is not zero sum since new value is created.

I'll bite, because I struggle to find people who think this. What value is created?

[logicchains]

All the people who managed to buy drugs safely without risking being robbed by some shady street dealer?

[robertlagrant]

How's that value created by bitcoin? Cash also creates that value.

[injeolmi_love]

Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system.

For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples.

[robertlagrant]

> Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system.

Doesn't cash also fulfil these? I'd have thought bitcoin is more fickle than cash.

> For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples.

Sorry - is this crypto related? Or just examples of things people like?

[injeolmi_love]

I don’t use Bitcoin because it’s too slow and expensive. Other people do find value in it.

Carrying more than $10k in cash is dangerous, and likely to be seized during international travel.

That’s a list of things people use crypto for. Obviously, if they preferred the non crypto version of those services, they would use them instead.

[robertlagrant]

What I mean is I can do all this with my bank:

> the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system

What's the difference, that is valuable enough to explain the bitcoin price differences?

[injeolmi_love]

What’s your bank? I’d like an account there. Every one I’ve checked so far freezes accounts and has a painful process for international wire transfers.

[robertlagrant]

Er. A wire transfer like BACS? You just put in the details, click "yes, I understand this is probably a bad idea" and wait. At least in the UK.

But I'm not saying there's zero value to bitcoin's advantages. I'm saying that that in no way explains the price of bitcoin. What explains it is greater fool theory.